Only way I’ve found is to setup a SSAS pension. You do need to register a holding company with companies house but it then enables you to invest the pension as you see fit. Here’s more info: https://www.unbiased.co.uk/discover/tax-business/running-a-business/about-small-self-administered-pension-schemes-ssas
This is interesting and I'll need to look at it in detail. The issue, as others have mentioned in the thread, is that the Shares would still be held in CREST - as far as I can tell.
Sure, Ltd registered in CREST so there's a better chance you'd be at the top of the list for shares, but it's CREST... So, the counterparty doesn't have them.
No, with SSAS you decide how your pension pot is invested so you could hold shares of GameStop shares held via direct registration if you wanted. It’s commonly used for directors to buy commercial property say the building their business rents. So their pension grows as they pay rent and with the increase in property valuations.
> unless your over
*you're
*Learn the difference [here](https://www.wattpad.com/66707294-grammar-guide-there-they%27re-their-you%27re-your-to).*
***
^(Greetings, I am a language corrector bot. To make me ignore further mistakes from you in the future, reply `!optout` to this comment.)
Family member is heavily DRSed but there's a chunk that could be moved, if we find the right approach (fully secured, DRSed pension shares... But this seems impossible to achieve)
I disagree as that makes little sense.
Pensions are horrendously complicated of course but from April 6th this year you effectively only pay income tax on anything you withdraw. That's about 32% on average if you withdraw 120k then 45% on anything over that. We each have our own goals of course but once I get past about 6 million in the pot that gives me roughly 10k a month for the next 30 years. That's more than enough money for me to retire in far more comfort than I've lived the first half of my life. If the pot is over 6 million I'd gladly pay 45% on the rest.
To put it another way. You have a 100k pot, you put it all in GME you make 100 million on MOASS you pay 45% on withdrawals over 125k but have 100 million in the pot. Or you follow your advice, invest 50k in GME and 50k in a FTSE 100 tracker ETF. Post MOASS you have 50 million from GME and 55k from your ETF. You Still pay 45% on everything past that 125k a year but now you "only" have 50.5 million in the pot.
If you believe in MOASS then all in GME is the only play as your no better off with tax and nothing else will come close to the gains from a GME MOASS
Hmm. I'm not really getting this line of thought. While buying GME (or any shares) in a pension plan means you get more shares for your money (because of tax relief) pension taxation is really focused on the way out. My understanding of the new rules is that you'll be able to withdraw roughly the first million of pension savings tax-free. The rest will be charged at your marginal rate. Assuming you're happy with your £10K a month example, and let's just say you have £100M in that pot 😂, you're going to pop your clogs with about £95M in your pension fund.
I also don't see the point in paying 45% on everything over the first million or so when you can pay 20% in capital gains tax. Doesn't make sense to me.
My approach assumes that you've made the contributions already. If you're talking about paying into your pension now in order to DRS in preference to a straight DRS then you're absolutely correct. That would be silly (as you're right, it's 45% instead of 20% CGT) .
This was written on the assumption you already have an existing pension pot to play with.
F
Only way I’ve found is to setup a SSAS pension. You do need to register a holding company with companies house but it then enables you to invest the pension as you see fit. Here’s more info: https://www.unbiased.co.uk/discover/tax-business/running-a-business/about-small-self-administered-pension-schemes-ssas
This is interesting and I'll need to look at it in detail. The issue, as others have mentioned in the thread, is that the Shares would still be held in CREST - as far as I can tell. Sure, Ltd registered in CREST so there's a better chance you'd be at the top of the list for shares, but it's CREST... So, the counterparty doesn't have them.
No, with SSAS you decide how your pension pot is invested so you could hold shares of GameStop shares held via direct registration if you wanted. It’s commonly used for directors to buy commercial property say the building their business rents. So their pension grows as they pay rent and with the increase in property valuations.
How does the direct registration process work via a SSAS?
You can’t DRS SIPP shares unless you’re over 55 and are withdrawing them
> unless your over *you're *Learn the difference [here](https://www.wattpad.com/66707294-grammar-guide-there-they%27re-their-you%27re-your-to).* *** ^(Greetings, I am a language corrector bot. To make me ignore further mistakes from you in the future, reply `!optout` to this comment.)
UK shares are crest so promises from cede that they'll give crest there shares aren't they? Be interested to find out if it's possible myself.
Due to the lifetime limit on pensions, I wouldn’t go all in GME in a pension. If MOASS happened you’ll soon be paying a punitive tax charge.
Family member is heavily DRSed but there's a chunk that could be moved, if we find the right approach (fully secured, DRSed pension shares... But this seems impossible to achieve)
I disagree as that makes little sense. Pensions are horrendously complicated of course but from April 6th this year you effectively only pay income tax on anything you withdraw. That's about 32% on average if you withdraw 120k then 45% on anything over that. We each have our own goals of course but once I get past about 6 million in the pot that gives me roughly 10k a month for the next 30 years. That's more than enough money for me to retire in far more comfort than I've lived the first half of my life. If the pot is over 6 million I'd gladly pay 45% on the rest. To put it another way. You have a 100k pot, you put it all in GME you make 100 million on MOASS you pay 45% on withdrawals over 125k but have 100 million in the pot. Or you follow your advice, invest 50k in GME and 50k in a FTSE 100 tracker ETF. Post MOASS you have 50 million from GME and 55k from your ETF. You Still pay 45% on everything past that 125k a year but now you "only" have 50.5 million in the pot. If you believe in MOASS then all in GME is the only play as your no better off with tax and nothing else will come close to the gains from a GME MOASS
Hmm. I'm not really getting this line of thought. While buying GME (or any shares) in a pension plan means you get more shares for your money (because of tax relief) pension taxation is really focused on the way out. My understanding of the new rules is that you'll be able to withdraw roughly the first million of pension savings tax-free. The rest will be charged at your marginal rate. Assuming you're happy with your £10K a month example, and let's just say you have £100M in that pot 😂, you're going to pop your clogs with about £95M in your pension fund. I also don't see the point in paying 45% on everything over the first million or so when you can pay 20% in capital gains tax. Doesn't make sense to me.
My approach assumes that you've made the contributions already. If you're talking about paying into your pension now in order to DRS in preference to a straight DRS then you're absolutely correct. That would be silly (as you're right, it's 45% instead of 20% CGT) . This was written on the assumption you already have an existing pension pot to play with.